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- Treasury stock is listed as a(n) __________ on the balance sheet. (a) current liability (b) current asset (c) deduction from stockholders equity (d) addition to stockholders equityWhich of the following are not part of common equity? a. preferred stock c. retained earnings b. common stock d. treasury stockIndicate how each of the following accounts should be classified in the stockholders’ equity section. a. Common Stock. b. Retained Earnings. c. Paid-in Capital in Excess of Par—Common Stock. d. Treasury Stock. e. Paid-in Capital from Treasury Stock. f. Paid-in Capital in Excess of Stated Value—Common Stock. g. Preferred Stock.
- When preparing the stockholders' equity section of the balance sheet, assume that the following accounts have normal balances. Which of these account balances would not be an addition to the Paid-In Capital section? Group of answer choices Common Stock (credit balance) Treasury Stock (debit balance) Paid-In Capital in Excess Par Common Stock (credit balance) Preferred Stock (credit balance)All of the following would appear in the contributed capital section of shareholders' equity on the balance sheet except a. bonds payable b. additional paid-in capital from stock conversions c. preferred stock d. share rights and optionsThe Stockholders' Equity section of the balance sheet may include which of the following? Group of answer choices Common Stock Preferred Stock Retained Earnings Common Stock, Preferred Stock, Retained Earnings
- All of the following would appear on a Statement of Stockholders Equity except net income an issuance of common stock declaration of cash dividends declaration of stock split All of theseThe category of equity that tracks the events relating to stockholder transactions is known as: Group of answer choices Retained Earnings Treasury Stock Paid-In Capital Awesome CategoryIf stock is issued above par, what other equity account can be credited? Choices: common stock paid in capital cash retained earinings
- Stockholders are eligible for a dividend if they own the stock on the date ofa. declaration.b. record.c. payment.d. issuance.Which of the following would NOT be reported for capital stock in the contributed capital section of a classified balance sheet? Group of answer choices A.Dividends per share B.Shares issued C,Shares outstanding D.Shares authorizedWhen a stock dividend is declared, which of the following accounts is credited? O a. Common Sock O b. Dividend Payable O c. Stock Dividends Distributable O d. Retained Earnings